Statement by H.E. Ambassador Yasuhisa Kawamura, Deputy Permanent Representative of Japan to the United Nations, at the Security Council Open Debate on Preventing and Combating the Financing of Terrorism

(As delivered)
Thank you, Madam President.
 
I thank you for convening this important meeting. We commend France’s leadership on this issue, and welcome the unanimous adoption of the resolution this morning, which we co-sponsored. Let me also express my gratitude to the briefers for their insightful remarks.
 
 
Madam President,
 
Despite the progress in the fight against ISIL, we continue to face the threat of terrorism, and it is indispensable to mobilize and concentrate our resources to continue combatting international terrorism. Cutting off the money flow is the crucial element to prevent terrorism from its source, and we must cope with wide range of financial methods, both new and old.
 
In order to holistically address this complicated issue of terrorist financing, strict implementation of relevant Security Council resolutions, including the one we just adopted, is the key. For effective implementation, actions should be taken both locally and globally.
 
 
Madam President,
 
Japan will be hosting a number of major sporting events in the coming years including the 2020 Tokyo Olympic and Paralympic Games, and it goes without saying that we will take every measure to counter any potential threat. Japan has always stood against terrorism, but with 2020 lying ahead of us, we are propelling our actions still further.
 
Regarding the combatting of terrorist financing, Japan is taking firm and appropriate steps in both local and global spheres. Domestically we are actively cooperating with the private sector. We established a public-private dialogue with banks and firms dealing with financial activities. This dialogue encourages the exchange of information and ideas, not just between the government and the private sector but among private sector actors as well.
 
We set up our guidelines for the private banking sector, which endeavor to provide a clear picture of rules and regulations which the banking sector is obligated to follow, thus encouraging an effective response to any suspicious transfers. Additionally, we are vigorously reaching out to staff-level personnel—the people actually dealing with day-to-day transactions—through events and seminars to share best practices and build the capacity to counter the financing of terrorism on the ground level.
 
Globally, cooperation with the UN and FATF is crucial. Japan strives to contribute to strengthening our approach to combat the financing of terrorism in alliance with organizations such as the FATF. For example, in 2017, Japan introduced a registration system in order to link an individual with any account used in the exchange of crypto assets, consistent with the recommendations by FATF.
 
Furthermore, capacity building is important. Japan is contributing to projects through Multi-Donor Trust Funds such as the IMF and UNODC to fill potential “loopholes” which can be used for financing terrorism. It is crucial to further strengthen the sharing of information among states to keep up with the evolving technology and the expansion of areas in which terrorists operate.
 
 
Madam President,
 
In closing, let us reiterate the importance of strict implementation of relevant Security Council resolutions and FATF recommendations to our efforts to combat the financing of terrorism. Japan will continue to engage with this issue both domestically and internationally, including as chair of the G20 this year.
 
 
I thank you, Madam President.